4IT.NO AS: årsregnskap 2017 vs 2016
Shrank 75% on revenue
approved 2018-07-31; registry 2018-08-01; journal 2018 891710
Summary
What changed
Comparing Årsregnskap 2017 with 2016 for 4IT.NO AS. Revenue 289.7k NOK → 71.5k NOK (-75.3%). Equity 12.8k NOK → -56.0k NOK.
On the constructive side: cash rose. Pressures included: revenue fell; equity eroded; current ratio dropped below 1×.
Also worth watching: thin equity buffer; cogs fell. All figures are taken from the published annual accounts for 4IT.NO AS.
At a glance
Scorecard
What improved
-
↑
Cash rose
Bank deposits 3 063 NOK → 29.8k NOK (+872.2% YoY). Calculated
What deteriorated
-
↓
Revenue fell
Operating income / revenue moved from 289.7k NOK to 71.5k NOK (-75.3% YoY). Calculated
-
↓
Equity eroded
Book equity 12.8k NOK → -56.0k NOK (equity ratio 21.5% → -86.5%). Calculated
-
↓
Current ratio dropped below 1×
Current ratio 1.27× → 0.54× — short-term liabilities now exceed liquid/current assets on the published lines. Calculated
-
↓
Payroll up without matching revenue
Salary cost 4 NOK → 120.0k NOK (0% → 168% of revenue). Calculated
Things to notice
-
·
Thin equity buffer
Equity ratio is -86.5% of assets — limited loss-absorbing capacity on a stand-alone basis. Interpretation
-
·
COGS fell
COGS / varekostnad 204.5k NOK → 49.0k NOK (-76.0% YoY). Calculated